Crypto Blog
The upgrade to POL has been initiated on the Ethereum mainnet following several months of development, community consultation, and a successful testnet launch.Even though POL has been deployed on the mainnet, this does not imply that the token will automatically replace MATIC. Such a transition requires approval through governance processes and will be synchronized with the launch of the Polygon 2.0 upgrade.
Polygon Labs clarified that the upgrade does not alter active systems on either the Polygon PoS or Polygon zkEVM networks at this time. In fact, all existing contracts will continue to function as previously designed.In June 2023, Polygon Labs introduced Polygon 2.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Polygon's POL cryptocurrency contracts deployed on Ethereum mainnetPolygon Labs has deployed the contracts for the project’s future cryptocurrency, POL, on the Ethereum mainnet.
Read more »
Polygon launches POL token contract on Ethereum to eventually replace MATICPolygon Labs claimed that the POL token will have “re-staking” functionality, allowing it to be used on multiple Polygon networks.
Read more »
Rio de Janeiro deploys helicopters in extra security after gang torches 35 busesAuthorities in Rio de Janeiro are deploying helicopters and other extra security after members of a criminal gang set fire to at least 35 buses in apparent retaliation for the police slaying of one of their key members
Read more »
Reveni Labs’ New Camera Tester Aims to Preserve Analog PhotographyReveni Labs has announced a professional-grade camera tester designed to help people keep analog cameras in tip-top shape.
Read more »
Australia deploys more aircraft, personnel to Middle EastAustralia said on Wednesday it had deployed two more military aircraft and a 'significant number' of defence personnel to the Middle East to help support its citizens there if the ongoing war between Israel and militant group Hamas escalates.
Read more »